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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Apartment buildings
220 Lincoln Ave Monterey Park, CA 91755-1736
Individually Owned
3-yr Hold
Free & Clear
Property ID
US09-9540244
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
WOOD
Total area
10,983 SF
Lot
0.39 ac (16,791 SF)
Zoning code
MPR3*
APN
5255-016-023
UPID
US09-9540244
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
雪青 Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.97M
Owner & transaction history
Allan W Cheng · 3 yrs held
Allan W Cheng
since 2022
7 recorded transactions
Zoning & alternative use
MPR3* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monterey Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,125,000
Current use
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$179 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$49,378
Tax year 2024
Assessed value
$3,659,893
Assessed 2024
Previous assessed
$3,659,893
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,159,580
Assessed improvement
$1,500,313
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Units
10
Bathrooms
19
Total area
10,983 SF
Lot
0.39 ac (16,791 SF)
Zoning code
MPR3*
APN
5255-016-023
UPID
US09-9540244
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPR3* · Monterey Park, CA
Zoning MPR3* · permitted uses
MPR3* · Monterey Park, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monterey Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
10
Bathrooms
19
Lot
0.39 ac
Current owner
From public records · entity-resolved
Allan W Cheng
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 80277, SAN MARINO, CA 91118-8277
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2022
—
Allan W Cheng
Albert Cheng
Intrafamily Transfer
related
—
Nov 16, 2022
—
Albert Cheng
Caj Holdings Limited Partnership
Grant Deed
—
Mar 25, 2014
—
Allan W Cheng
Caj Holdings LP
Quit Claim Deed
related
—
Jul 11, 2013
—
Caj Holdings LP
Cheng,allan W
Quit Claim Deed
related
—
Dec 27, 2012
—
Caj Holdings LP
Cheng A H & J Y 2002 Trust
Quit Claim Deed
related
—
Dec 16, 2002
—
Cheng,tr
Cheng,albert H & Judith Y
Quit Claim Deed
related
—
Mar 2, 1989
$575,000
Cheng Albert H Judith Y
Unknown
Grant Deed
—
Jul 28, 1988
$840,000
David S Fung
Devian Francis T
Trustees Deed
$595,000 · Western Federal Savings & Loan
Jul 28, 1988
$611,000
Francis T Devian
Hou
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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